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JUST IN: FG Increases Electricity Meter Price

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The Muhammadu Buhari-led Federal Government has announced an increase in the price of both single-phase and three-phase electricity meters.

The increase in meter price would commence from November 15, 2021.

The announcement was made in a circular dated November 11, 2021, issued by the Nigerian Electricity Regulatory Commission, NERC.

The circular was addressed to managing directors, all electricity distribution companies and all meter asset providers.

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The circular, with reference number NERC/REG/MAP/GEN/751/2, was entitled ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations’.

According to the NERC, the price of a single-phase meter will go from the current cost of N44,896.17 to a revised price of N58,661.69.

While the price of a three-phase meter will go from the current cost of N82,855.19 to a revised rate of 9,684.36.

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More details to come…

 

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